Thursday 25 February 2021
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scmp - 5 days ago

Tencent alumnus aims to turn Futu into China’s Charles Schwab, even as it lands in Robinhood’s ‘Nerd vs Wall Street’ battle

In late January, when the “Nerds vs Wall Street” battle was at its most intense on the New York Stock Exchange, one of China’s most promising technology entrepreneurs was catching very few winks 13 hours away in Shenzhen. Li Hua, who also goes by “Leaf”, personally negotiated with his dealers in the United States to unfreeze transactions so that customers of Futu Holdings’ internet-only trading platform in mainland China and Hong Kong could join in the chase for the shares of GameStop, an…


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